234 W Ave NWaite ParkMN56387
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Waite Park at 234 W Ave N, Waite Park, MN, 56387 uses $72,930 cash to close to unlock $9,900/yr annual cash flow and $825/mo monthly cash flow. Total monthly income runs $2,199/mo, and a $1,077/mo payment keeps the spread at $825/mo. Purchase price stands at $220,000, and rental yield measures 11.99% with $2,199/mo rent. Return on cash invested shows 33.48% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 175.7% and total cumulative return in cash records $128,135. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,199/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56387, Waite Park, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,496 (100%) |
| Owner Occupied HU | 1,452 (41.5%) |
| Renter Occupied HU | 1,887 (54.0%) |
| Vacant Housing Units | 157 ( 4.5%) |
| Median Home Value | $295,545 |
| Average Home Value | $330,418 |
Housing Distribution
Address Breakdown
Residential
3,519
Single Family
1,722
Multi-Family
1,797
Businesses
598
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Listed by: Hunter Tate • Central MN Realty LLC
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6763337